News Release

Mar. 06, 2020 JPXPilot Test of DLT Information Sharing Platform in the Field of Securities Post-Trade

Japan Exchange Group, Inc. (hereinafter referred to as "JPX".) and Japan Securities Depository Center, Inc. announced today that they will launch pilot testing of a DLT* information sharing platform for securities post-trade information in April this year, under JPX’s "Proof of Concept Testing for Utilization of Blockchain/DLT in Capital Market Infrastructure" program.** NEC Corporation will be the IT support vendor.

"Securities post-trade" refers to all processes which occur after a securities transaction is executed. Because most of these processes are conducted mutually, it has been pointed out that mismatches in understanding between counterparties about data and workflows can lower efficiency. An information sharing platform using DLT, which excels in synchronizing recording and execution of data and workflows, would enable companies to check the latest definitive status of a trade at any time, possibly solving various problems in the post-trade field that companies struggle to solve alone.

For this pilot test, we will build a real information sharing platform using DLT, and invite a wide range of industry participants, including securities companies, asset management companies, trust banks, and service providers to participate in using it. Through verification of the results of these use cases, as well as testing operation of the infrastructure, we will confirm the feasibility and usefulness of the DLT platform for real-world operations.

We hope that these efforts will contribute to the standardization and efficiency of data and workflows in the securities post-trade field.